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Kolibri Global Energy Inc T.KEI

Alternate Symbol(s):  KGEI

Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. The Company, through various subsidiaries, owns and operates energy properties in the United States. The Company utilizes its technical and operational expertise to identify and acquire additional projects in oil, gas and clean and sustainable energy. The Company develops its Caney Shale oil acreage in the Tishomingo Field in the Ardmore Basin, Oklahoma, United States. It has working interests in approximately 17,169 net acres in Ardmore Basin. Its Tishomingo Field activities produce oil, gas and natural gas liquids. Its proved gross oil and gas reserves in the Tishomingo field are estimated at approximately 32.4 million barrels of oil equivalent (BOE), the proved plus probable gross reserves are estimated at approximately 54.1 million BOE and the proved plus probable plus possible gross reserves are estimated at approximately 79.4 million BOE.


TSX:KEI - Post by User

Post by Carbonbullon May 25, 2023 8:44am
204 Views
Post# 35463324

A primer on zipper fracs

A primer on zipper fracs

A horizontal well completion method known as zipper fracturing has been rapidly adopted over the last couple of years by companies in the Eagle Ford shale of south Texas. Instead of drilling and hydraulically fracturing one well at a time, the zipper method involves drilling multiple wells from a pad site and then hydraulically fracturing a stage in one well, while getting ready for the next, as wireline and perforation operations take place in another. The multiwell completion method earns its name from the zipper-like configuration of the fracture stages from wells drilled with relatively tight spacing.

This shaves days off the time it takes to complete a multiwell pad. Many companies in south Texas are now using the completion method on almost every new pad site they drill into, saving tens of millions of dollars per year while accelerating the development of their well inventories.

But the big prize may be that zipper fractures are increasing initial production and estimated ultimate recovery rates when designed so that the fractures stimulate the most reservoir volume possible. Tulsa-based WPX Energy, an independent operator of 160,000 acres in the San Juan Basin of New Mexico, told investors this summer that when the company switched to zipp

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